Suppose that the below represents the opportunity loss table for three stocks based on whether the market rises or declines. If there is a 30% chance of the market rising and a 70% chance of it declining, what is the expected opportunity loss for stock C?
A) 490
B) 850
C) 240
D) 910
E) 370

Question

Suppose that the below represents the opportunity loss table for three stocks based on whether the market rises or declines. If there is a 30% chance of the market rising and a 70% chance of it declining, what is the expected opportunity loss for stock C? 
A) 490 
B) 850 
C) 240 
D) 910 
E) 370

Quizplus · Accepted Answer

The Answer of Suppose that the below represents the opportunity loss table for three stocks based on whether the market rises or declines. If there is a 30% chance of the market rising and a 70% chance of it declining, what is the expected opportunity loss for stock C? 
A) 490 
B) 850 
C) 240 
D) 910 
E) 370

Suppose That the Below Represents the Opportunity Loss Table for Three